Housing starts fell most in eight months in February
Renter optimism raises housing market confidence In a prior post, we noted the optimism that was felt regarding New York Citys. If buyers are not confident or sure about upgrading or expanding their real estate portfolio, they will. Raise your credit rating before hitting the real estate market. With that, renters and potential homebuyers want to know what the market will be.
The percent decline was the largest in eight months, and bad weather could have contributed to the sharp drop in homebuilding last month. US housing starts fall on weak single-family homebuilding.
U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates.
U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders.
Residential starts slumped 8.7 percent to a 1.16 million annualized rate, below estimates, after an upwardly revised gain the prior month, according to government figures Tuesday.
· Starts for the volatile multi-family housing segment jumped 17.8 per cent to a rate of 357,000 units in February. Permits for the construction of multi-family homes fell.
U.S. Housing Starts Decline Most in Eight Months in February New data suggests developers continue to struggle to build affordable properties amid rising costs for materials and labor.
WASHINGTON (AP) – The number of homes under construction fell 8.7 percent in. of 1.16 million units last month, down from a 1.27 million pace in January.. Cold weather in February also likely contributed to the decline in housing starts, while. Montgomery Co. changes rules to hire more substitutes.
WASHINGTON – The number of homes under construction fell 8.7 percent in February. Apartment construction increased in February. Single-family housing starts are running 2.3 percent below last.
U.S. housing starts fall to eight-month low.. February, single-family home construction has lost momentum.. Multi-family housing starts have now declined for five straight months.
US Housing Starts Fall Led by Single-Family Homes Housing starts in the US fell 8.7 percent from a month earlier to a seasonally adjusted annual rate of 1,162 thousand units in February 2019, following a downwardly revised 11.7 percent surge in January. It was the largest decline in housing starts since last June.
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· U.S. new-home groundbreakings fell in February bythe most in eight months on a drop in single-family homes,suggesting buyers and builders remain wary despite higher wagesand a drop in mortgage rates. The weakness signals developers continue to struggle to build affordable properties amid rising costs for materials and labor.
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